HUAFANG COMPANY(SH:600448)2024-10-30 07:41Financial Performance - The company's operating revenue for Q3 2024 was ¥747,884,223.85, a decrease of 12.37% compared to the same period last year[2] - Net profit attributable to shareholders was ¥1,687,237.14, representing a 14.62% increase year-over-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,215,633.88, showing a significant increase of 611.28% compared to the previous year[2] - Total operating revenue for the first three quarters of 2024 was CNY 2,156,916,801.27, a decrease of 3.2% compared to CNY 2,227,725,681.51 in the same period of 2023[13] - Net profit for the third quarter of 2024 was CNY 2,931,371.84, a decline of 24.0% from CNY 3,857,744.56 in the same quarter of 2023[14] - The net profit for the first three quarters of 2024 was CNY 2,720,491.20, compared to CNY 3,177,347.29 in the same period of 2023, indicating a decrease of 14.39%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,642,768,851.01, an increase of 4.47% from the end of the previous year[3] - The company's total assets increased to CNY 3,642,768,851.01 in Q3 2024, up from CNY 3,486,805,810.27 in Q3 2023, representing a growth of 4.5%[12] - Total liabilities rose to CNY 2,382,626,915.88 in Q3 2024, compared to CNY 2,229,595,246.98 in Q3 2023, indicating an increase of 6.8%[12] - The total liabilities rose to CNY 2,544,409,660.69 in Q3 2024, up from CNY 2,198,082,491.62 in Q3 2023, marking an increase of 15.71%[22] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥100,388,904.90, down 45.75% compared to the previous year[2] - Net cash flow from operating activities was CNY 100,388,904.90, down 45.8% from CNY 185,042,084.33 in the previous year[18] - Cash inflow from operating activities totaled CNY 2,536,052,622.82, an increase of 4.6% from CNY 2,424,717,219.19 year-on-year[18] - Cash outflow from operating activities was CNY 2,435,663,717.92, up 8.8% from CNY 2,239,675,134.86 in the previous year[18] - The net cash flow from financing activities was -¥10,353,843.45, an improvement compared to -¥118,182,639.48 in the previous year[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,247, with the top 10 shareholders holding a combined 56.15% of shares[8] - The largest shareholder, Binzhou Antai Holding Group Co., Ltd., holds 117,364,470 shares, accounting for 18.63% of total shares[8] Inventory and Current Assets - Inventory has increased to ¥995.84 million from ¥869.15 million, indicating a growth of approximately 14.5%[10] - The company has a total current asset of approximately ¥1.88 billion, compared to ¥1.67 billion previously, reflecting a growth of about 12.6%[10] - The company’s inventory increased to CNY 914,972,537.29, up 16.0% from CNY 788,830,066.10 in the previous year[20] - The company’s total current assets reached CNY 2,062,250,677.77, an increase of 24.3% from CNY 1,658,525,277.61 year-on-year[20] Research and Development - Research and development expenses for the third quarter of 2024 were CNY 110,442,436.05, slightly up from CNY 108,332,838.33 in the same quarter of 2023[14] - Research and development expenses for the first three quarters of 2024 were CNY 104,902,443.55, slightly down from CNY 106,106,800.60 in the same period of 2023[23] Government Subsidies and Other Income - The company received government subsidies amounting to ¥972,000.79 during the reporting period[4] - The company received ¥413,455,286.49 in other cash related to operating activities, significantly higher than ¥78,416,162.75 in the previous year[25] Other Notable Information - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[9] - The report does not indicate any new product launches or technological developments during this quarter[9] - There are no significant mergers or acquisitions reported in the current quarter[9]